The Lumia 525 (above) is itself still quite new, but if this 530 rumor is correct, Nokia could already be looking to deliver an upgrade. Well… maybe an upgrade. We could see Nokia going one of two ways here, either trying to deliver a slightly improved version of the 525 in order to keep competitive specs-wise with other budget-priced models, or maybe Nokia could go the other direction, taking advantage of the arrival of Windows Phone 8.1 to remove things like the 525’s capacitive buttons and camera shutter button, in an effort to shave a few dollars off the price.

Right now, though, that’s all conjecture. All we’ve really heard about the device is its name, along with the note that its codename was “Rock.” Perhaps Nokia’s finally done with all those James Bond codenames?